InvenTrust Properties Corp. (NYSE:IVT) Receives $34.57 Average Target Price from Analysts

Shares of InvenTrust Properties Corp. (NYSE:IVT) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.7143.

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of InvenTrust Properties from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, June 17th. Bank of America raised their price objective on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday. BTIG Research reissued a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a report on Friday, June 12th. JPMorgan Chase & Co. raised their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVT. Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties by 24.9% in the 1st quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock worth $235,438,000 after buying an additional 1,539,672 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of InvenTrust Properties by 600.3% in the 4th quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock worth $36,329,000 after buying an additional 1,103,911 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of InvenTrust Properties in the 4th quarter worth about $26,941,000. Hudson Bay Capital Management LP bought a new position in shares of InvenTrust Properties in the 3rd quarter worth about $23,581,000. Finally, Vision Capital Corp lifted its position in shares of InvenTrust Properties by 182.7% in the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock worth $27,112,000 after buying an additional 639,472 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Price Performance

IVT opened at $36.21 on Tuesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.96 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. InvenTrust Properties has a twelve month low of $26.52 and a twelve month high of $36.27. The company has a fifty day simple moving average of $33.17 and a 200 day simple moving average of $31.14.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Equities research analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 70.92%.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self?managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open?air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long?term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin?off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.